Mission & History

LAEDC works with business, education and government partners to collectively advance opportunity and prosperity for all the residents of the greater Los Angeles region.

LAEDC does this by fostering growth of well-paying jobs in our key industries, and by preparing our residents for those opportunities.

Moreover, the LAEDC provides collaborative economic development leadership to promote a globally competitive, prosperous and growing LA County economy to improve the health and wellbeing of our residents and communities and enable those residents to meet their basic human need for a job. Tactically, we achieve this through objective economic research and analysis, strategic assistance to government and business, and targeted public policy. Our efforts are guided and supported by the expertise and counsel of our business, government and education members and partners.

Los Angeles County Economic Development Corporation (LAEDC) was founded in 1981 as a private, nonprofit, public-benefit organization to harness the power of private sector in collaboration with LA County, to guide economic development and create more widely shared prosperity. LAEDC collaborates with all stakeholders in the region — together we make progress for our region’s people.

About LAEDC

Los Angeles County Economic Development Corporation (LAEDC) was founded in 1981 as a nonprofit, public-benefit organization to harness the power of private sector in collaboration with L.A. County, to guide economic development and create more widely shared prosperity. LAEDC collaborates with all stakeholders in the region including education, business, and government.